Property Success For 2017

No matter your individual circumstances, 2017 is a new year with numerous opportunities for your property position. Whether you are a renter, buyer or hoping to invest in 2017, find the best strategy below:

Property Success For 2017

Renters:

Evaluate your position

The rental climate is moving quickly thanks to increased supply driven by property development. Consider whether your area, or neighbouring areas, is proving better value for your hard-earned dollars amongst the rentals available

Positive Tenancy

Treating your rental property in the same manner you would a house you own may provide more options in the future. Use 2017 to make a great impression by consistently paying rent on time and keeping up the appearance of the dwelling and yards.

 

Be Organised

If you plan to leave your current residence, or ask for changes to your current tenancy agreement, get everything in order in advance. Knowing your rental agreement terms and notice periods will position you to make your move at the most appropriate time.

Buyers:

Get Your Finances in Order

Even if you do not intend to buy a property in the short-term, understanding your financial position and borrowing capacity will streamline options when the right time comes.

 

Research

Begin researching your potential options as soon as possible to help clarify what you may be able to purchase and for what price. Understanding stamp duty, settlement terms and conditions, and any other applicable fees, such as conveyance, are important to establish well before you make your first offer

 

Get in Front of the Crowd

Many buyers aren’t aware of the importance of utilising the services of people most familiar with the property market. Buyer advocates have typically been a service reserved for the most wealthy buyers, however their success has opened up more options for every purchaser. Buyer agents are skilled researchers and negotiators to make sure your property purchase would be acquired for less than you may have ben able to achieve yourself.

Investors

New Year, New Opportunities

Whether you are a veteran property investor, of are begining to consider buying your first investment property, 2017 should be the year you make the wisest decisions. Sometimes stepping out of your comfort zone will allow you to consider properties in areas you are unfamiliar, but have a positive rental yield or capital growth profile.

 

Watch Supply Changes

Recent years have demonstrated how economically charged the property markets are; however, 2017 will bring a new set of high-supply and high-demand areas. Regularly track the movements of the markets to make an informed choice.

 

Prepare for Tenancy

Once your property has been secured, it is important that a tenancy plan is in place quickly to capitalise on your returns. Professional property managers work with you to establish a strategic marketing plan and secure prospective tenants to ensure your property is vacant for as minimal time as possible upon settlement.

For an obligation-free conversation, contact Wise Realestate Advice on 1300 009 473 to discuss how their professional buyer advocates and property managers can support your property goals

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    Hari Krishnan
    Hari Krishnan

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    I found Mark through Google!!!.
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    I am really happy because I bought exactly what I was looking for and it was well under my top budget. Most importantly We did it within few weeks.

    Since day one Mark was very pro-active.

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    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
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